BSE: 531676
EMROCK CORPORATION LIMITED
Operates across real estate, solar energy, hospitality and other activities. In the year ending 31 March 2026, the Real Estate Business generated ₹0.7 crore of revenue, the Solar Business ₹0.24 crore and Other Business ₹0.4858 crore, while the Hospitality Business recorded no revenue. Emrock Corporation Limited is also developing a Bio-CNG project through its 50.49%-owned subsidiary Emrock Energy Private Limited, designed to produce 1,600 tons of Bio-CNG, 8,652.80 tons of Fermented Organic Manure and 14,732.80 tons of Liquid Fermented Organic Manure annually, with completion targeted for 30 June 2027 and an estimated project cost of ₹30-33 crore. A preferential issue of approximately ₹43.44 crore via 14.84 lakh convertible warrants at ₹290 each was approved in June 2026, with proceeds earmarked for solar projects (₹26.4 crore), Bio-CNG (₹4 crore), hospitality (₹10 crore) and working capital. Employee costs ran at 9.8% of revenue and other operating expenses at 32.5%, with no material input costs reported. The business is small (₹2.058 crore of FY26 revenue) and asset-heavy, with FY26 capex running at 695.4% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Real Estate Business, Solar Business, Hospitality Business, Other Business. Diversified micro-cap with real estate, solar, hospitality and Bio-CNG operations; asset-heavy given large capex
Exhibit 1: Financial summary, – (all audited; no estimate years)
| ₹ crore · consolidated |
|---|
| Revenue |
| EBITDA (ex other income) |
| margin % |
| Owners' profit |
| EPS, as reported (₹) |
| ROE % · ROCE % |
| Debt / equity (x) |
| Cash from operations |
| Capex |
Exhibit 2: Quarterly performance, last 1 quarters
| ₹ crore | Q1 FY27 |
|---|---|
| Revenue | 0 |
| Profit before tax | 0 |
| Net profit | 0 |
| EPS (₹) | 0.12 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| NESTLE INDIA LIMITED | 2,25,418 | 59.2 | 43.71 | 41.0 | 67.9 | 54.7 | — | 24.4 |
| BRITANNIA INDUSTRIES LTD | 1,10,429 | 42.4 | 21.50 | 29.6 | 49.4 | 59.8 | 7.8 | 18.0 |
| ZYDUS WELLNESS LIMITED | 14,793 | 78.6 | 2.54 | 37.6 | 3.4 | 2.4 | 16.2 | 17.1 |
| BIKAJI FOODS INTERN LTD | 11,603 | 44.9 | 6.80 | 25.7 | 14.9 | 18.3 | — | 15.3 |
| BOMBAY BURMAH TRADING COR | 8,286 | 6.4 | 0.86 | 2.4 | 26.0 | 33.5 | 7.8 | 17.7 |
| MRS BECTORS FOOD SPE LTD | 5,577 | 18.9 | 4.39 | 19.6 | 11.1 | 13.1 | 18.3 | 14.7 |
| GOPAL SNACKS LIMITED | 3,057 | 36.4 | 6.38 | — | 15.4 | 19.4 | — | 7.6 |
| ADF FOODS LIMITED | 2,635 | 28.6 | 4.61 | 17.9 | 15.7 | 18.8 | 13.1 | 18.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 1900.0 | 29.5 | 38 of 38 | 0% |
| EBITDA margin | 94.3 | 9.9 | 1 of 33 | 100% |
| Market cap | 361 | 96 | 14 of 43 | 69% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 23 Oct 2026 · UGVCL confirms 12 MW solar power purchase agreements | business updates | high | — | — |
| 22 Oct 2026 · Correction of typo in EGM notice - share classification clarified | compliance | minimal | — | — |
| 8 Oct 2026 · Routine RTA compliance certificate filed for Q2 FY27 | compliance | minimal | — | — |
| 5 Oct 2026 · Emrock Corporation acquires 50.50 percent stake in Emrock Lifescience LLP for pharma projects | strategic transactions | medium | — | — |
| 3 Oct 2026 · No non-convertible securities issued in Q2; Reg 57(5) not applicable | compliance | minimal | — | — |
| 1 Oct 2026 · All 5 resolutions passed at Emrock Corporation 32nd AGM | board shareholder meetings | low | — | — |
| 29 Sept 2026 · 32nd AGM Proceedings - 6 Resolutions Tabled via Video Conference | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading window closed for Q2 FY26 results compliance | compliance | minimal | — | — |
| 8 Sept 2026 · Newspaper publication of 32nd AGM notice to BSE | compliance | minimal | — | — |
| 7 Sept 2026 · Emrock Corp 32nd AGM set for Sept 29, 2026; annual report submitted | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.